Filed November 21, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $56,611 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,402 | $53,254-18.5% | $155,574-72.1% | $199,921-78.3% |
| Participation rate | 45.6% | 64.1%-18.6pp | 78.2%-32.7pp | 72.0%-26.4pp |
| Annual return | 14.11% | 41.18%-27.1pp | 64.87%-50.8pp | 34.28%-20.2pp |
| Employer contribution / active EE | $714 | $1,848-61.4% | $4,676-84.7% | $3,035-76.5% |
| Participant deferral / active EE | $2,366 | $3,165-25.3% | $5,629-58.0% | $5,089-53.5% |
| Admin fee / account holder | $93 | $186-50.1% | $15,914-99.4% | $269-65.6% |